Price reduction finally spurs land sale on Langford Drive

This 5+ acre building parcel in Ivy Estates first appeared on the market in late 2006 with an asking price of $339,900. After multiple price changes and a transfer of ownership to a bank, it was finally reduced to $129,900 and sold for $107,111 after spending 2000 cumulative days on the market. The listing agent observed that with slow sales in the land sector, the price reduction was necessary to stimulate activity.